Seller Financing Seals $28 Million Deal For Groveland Industrial Park
The 200,000-square-foot park, which is made up of several small bay industrial buildings, is fully occupied.
The 200,000-square-foot park, which is made up of several small bay industrial buildings, is fully occupied.
The buildings, built between 1968 and 1978, were sold after an intense bidding war at a notably strong cap rate, especially for older industrial assets, indicating that investor appetite is increasing in Florida’s secondary and tertiary markets.
McCraney has more than 4 million square feet of construction taking place in the Central Florida region. CLICK ON THE HEADLINE FOR MORE
“The assemblage of the sites created the critical mass needed to stimulate significant developer interest…” CLICK ON THE HEADLINE FOR MORE
AY’s Lisa Bailey and Lawson Dann negotiated the new leaseson behalf of the asset’s ownership, FGHP Properties Limited Partnership. CLICK ON THE HEADLINE FOR MORE
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